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joining us is the former budget director for the obama administration. vice chairman at citigroup, a veteran of these negotiations, thank you for being here on a friday night. >> good to be with you. >> peter, you have been in a lot of these negotiations. you have been in their rhythms and seen how they go. what's your take? >> i think as you pointed out, it's still early. it's december 7th. both sides would be complaining if there was an agreement in place. but you can see the pieces coming together on the fiscal cliff some increase in marginal tax rates coupled with some kind of cutting back on tax expenditures. the real concern is shifting or will shift from the fiscal cliff to the debt limit. it's not clear that the republicans will agree to including a debt limit increase in that kind of package and if they don't, we may get past december 31st only to find ourselves with a big problem in february or march. >> the obama administration has been clear they will not sign anything. even to get past december 31st. so do you think they can hold firm on tha
joining us is the former budget director for the obama administration. vice chairman at citigroup, a veteran of these negotiations, thank you for being here on a friday night. >> good to be with you. >> peter, you have been in a lot of these negotiations. you have been in their rhythms and seen how they go. what's your take? >> i think as you pointed out, it's still early. it's december 7th. both sides would be complaining if there was an agreement in place. but you can see...
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Dec 5, 2012
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which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low t, can restore testosterone levels back to normal in most men. axiron is not for use in women or anyone younger than 18. axiron can transfer to others through direct contact. women, especially those who are or who may become pregnant, and children should avoid contact where axiron is applied as unexpected signs of puberty in children or changes in b
which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of...
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Dec 5, 2012
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which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going, the estimated $852 quadrillion dollars of funding needed for one steel alone just isn't in the cards. doggone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. suddenly, she does something unexpected and you see the woman you fell in love with. she's everything to you. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell
which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going, the estimated $852 quadrillion dollars of funding needed for one steel alone just isn't in the cards. doggone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be...
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Dec 5, 2012
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which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of the dumbest votes the republicans have ever cast in the history of the senate. we'll talk about the big win and the emotional reaction from moderates. that's next. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ and the next great idea could be yours. customer erin swenson bought so, i'm h
which means it still needs about 23,000 signatures before the obama administration is actually expected to issue a response. we want a response. but i'm guessing with the way the fiscal cliff negotiations are going the estimated $852 quadrillion dollars of funding needed for one alone just isn't in the cards. dog gone it. i'm going to sign up tonight. >>> can both parties reach an agreement ones fiscal cliff? 40% of you say yes, 60% say no. >>> coming up, this could be one of...
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Dec 8, 2012
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this shows the overall unemployment rate under president obama's administration. which of the president's policies have helped the most in this? >> well, very crucial to this has been his decision to get congress to extend unemployment benefits, surprisingly. because people, when they have that money, are spending it back in the economy. remember, every 50th person you meet statistically only has food stamps today as income. and that's the result of these years of the republicans policies. so having unemployment and >> send thing unemployment benefits next year would be very important to continue to bring this number down and have businesses hire more people, because they have customers with money in their pockets to buy products and services. >> this is what could have happened if congress failed to pass the recovery act. the center on budget and policy priorities says that we've added almost $1 million more jobs because of the stimulus package. why are the republicans fighting stimulus spending now? why? is it they don't want to see president obama succeed or do
this shows the overall unemployment rate under president obama's administration. which of the president's policies have helped the most in this? >> well, very crucial to this has been his decision to get congress to extend unemployment benefits, surprisingly. because people, when they have that money, are spending it back in the economy. remember, every 50th person you meet statistically only has food stamps today as income. and that's the result of these years of the republicans...
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Dec 6, 2012
12/12
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even if they are the victims of the attempt of the obama administration, correctly, to try to you know force the republicans to play ball on their terms, reality is, the collateral damage done to the poor in the meantime is so devastating, because the margin of reserve for those middle class, even compared to the poor is more significant than when you're making a dollar that you talked about and you've got go there -- i was on food stamps for three years i understand what it means to be on food stamps. most people are on welfare for two years or less, they use it as a stopgap measure. most people do not pimp the system. the perception is they pimp the system. you ain't doing much pimping on food stamps. about your a low rent pimp if you're on food stamps. >> alex? >> go ahead. >> reporter: i understand michael's point but i think he's giving obama -- underselling obama's effectiveness so far a little bit. obama doesn't talk a lot about the poor but in the negotiations, especialfully 2010, the president, his team, gene sperling and others were effective in protecting poor people's progr
even if they are the victims of the attempt of the obama administration, correctly, to try to you know force the republicans to play ball on their terms, reality is, the collateral damage done to the poor in the meantime is so devastating, because the margin of reserve for those middle class, even compared to the poor is more significant than when you're making a dollar that you talked about and you've got go there -- i was on food stamps for three years i understand what it means to be on food...
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administration. this is changing the color here is when president obama took over in january of '09. who is responsible for this turn around? >> the president and it would be a better turn around if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> we wasted 40% of that on tax cuts for small business, which is inherently savings and not stimulus. it was a real policy mistake. is this historic? >> we're going in the right direction. we're not creating as many jobs as we need for the population growth, but it's astonishing we're recovering the way we are and if the republicans would stop creating the uncertainty, remember the uncertainty by not making a deal, we'd see the numbers improving very dramatically. let me ask in terms of the stability. these are numbers. does it look historic? it doesn't. but when we were down here, we were on the verge of tipping over. our whole economic situation, our financial situation
administration. this is changing the color here is when president obama took over in january of '09. who is responsible for this turn around? >> the president and it would be a better turn around if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> we wasted 40% of that on tax cuts for small business, which is inherently savings and not stimulus. it was a real policy mistake. is this...
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Dec 6, 2012
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the obama administration is right they don't want to go into syria. they have avoided a u.s. military intervention but chemical weapons changes everything in the calculation. the a divisive and dangerous moment in the syrian civil war. >> it's scary, scary stuff. ambassador, i want to get your take on one other thing. secretary of state clinton had some comments about ambassador rice, someone who is speculated as her successor to secretary and of state. i want to play that for you. >> it's important to remember what susan said was based on the information that had been given to every senior official. in our administration. and she made very clear in her appearances that the information was subject to change, as more facts were gathered and analyzed by the intelligence community and looked, as often the case, our understanding evolved over time. and we've done our best to keep the american people and the congress informed. that was her goal. >> so obviously, secretary clinton offering a vigorous defense of susan rice, the context obviously being the attacks on benghazi and lib
the obama administration is right they don't want to go into syria. they have avoided a u.s. military intervention but chemical weapons changes everything in the calculation. the a divisive and dangerous moment in the syrian civil war. >> it's scary, scary stuff. ambassador, i want to get your take on one other thing. secretary of state clinton had some comments about ambassador rice, someone who is speculated as her successor to secretary and of state. i want to play that for you....
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. >> reporter: wolf, the challenge is for the obama administration to figure out exactly what bashar al assad is up to with his deadly arsenal. the horror remains unspeakable. 25 years ago saddam hussein unleashed one of the worst poison gas attacks in history. thousands were killed. now, in syria, u.s. concerns are growing by the hour that bashar al assad may be planning the same thing against his citizens. >> the intelligence that we have raises serious concerns that this is being considered. >> reporter: u.s. intelligence shows syria has mixed chemical compounds needed to make a deadly agent that can quickly kill thousands. >> the united states and our allies are facing the prospect of an imminent use of weapons of mass destruction in syria. and this may be the last warning we get. >> reporter: the u.s. is not precisely saying what the syrians are doing, but there are two ways of mixing elements to make a saren filled weapon. >> you have to handle it very, very carefully. a drop will kill you. often it's done at the last minute. there's another style. >> reporter: chemicals placed
. >> reporter: wolf, the challenge is for the obama administration to figure out exactly what bashar al assad is up to with his deadly arsenal. the horror remains unspeakable. 25 years ago saddam hussein unleashed one of the worst poison gas attacks in history. thousands were killed. now, in syria, u.s. concerns are growing by the hour that bashar al assad may be planning the same thing against his citizens. >> the intelligence that we have raises serious concerns that this is being...
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Dec 7, 2012
12/12
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economy and the obama administration, the nation's jobless rate fell to 7.7% in november as employers added 146,000 new jobs. the jobless rate hasn't been this low during the entire obama administration, but that's only part of the story. a closer look also shows a big reason behind today's drop in the unemployment rate is that 350,000 people dropped out of the work force in november. they're discouraged, many of them are, that they simply quit and they're trying to find work. christine romans joins us from new york. we saw the unexpected drop in the unemployment rate, but christine, take us a little behind the numbers that make up the headlines. >> 7.7% is that unemployment rate, the lowest since december, 2008, from before the president took office. 146,000 jobs created, twice what economists have been expecting. they really didn't see the pull back because of hiring being depressed because of hurricane sandy. maybe you'll see some of that in the next month, but this was a strong report on its surface. digging in the numbers. look at the right side on that graphic, 14.4% underemploy
economy and the obama administration, the nation's jobless rate fell to 7.7% in november as employers added 146,000 new jobs. the jobless rate hasn't been this low during the entire obama administration, but that's only part of the story. a closer look also shows a big reason behind today's drop in the unemployment rate is that 350,000 people dropped out of the work force in november. they're discouraged, many of them are, that they simply quit and they're trying to find work. christine romans...
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Dec 4, 2012
12/12
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., the obama administration, nato now obviously very concerned about the regime of president assad potentially using chemical weapons, poison gas against its own people. here's the question, what is the difference killing civilians in syria with bombs from jet fighters or attack helicopters as opposed to using say poison gas or chemical warfare? >> that's a good question. in one sense in moral terms, there is no difference and almost 40,000 people have died in syria already. but i think the use of chemical weapons and poison gas, i think the fatalities would be very much greater. and it does cross a line. these aren't judgments that you can make in any scientific way. but i think what your administration, the international community is signaling to president assad, if you cross that line, there will be a strong reaction. >> those are tough words coming from president obama, from secretary of state hillary clinton, from the nato secretary-general today in brussels. but is that enough to president bahar al assad from using chemical weapons or is there something else the international community s
., the obama administration, nato now obviously very concerned about the regime of president assad potentially using chemical weapons, poison gas against its own people. here's the question, what is the difference killing civilians in syria with bombs from jet fighters or attack helicopters as opposed to using say poison gas or chemical warfare? >> that's a good question. in one sense in moral terms, there is no difference and almost 40,000 people have died in syria already. but i think...
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Dec 8, 2012
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why do you think that we won't see the obama administration as being the first administration since the '80s to give up this pseudo war on drugs? >> you know, they have taken some stones war on drugs. the one thing obama did in 2010 is he lowered the disparity between crack cocaine and cocaine. his view is this is a prevention matter and they're working on that. for whatever reason, i'm not sure why. if you go on the white house website, they have a long page about how marijuana use is bad, bad, bad, hurts your health, et cetera in the same way you can say about smoking. but they are just not there yet. i'm not sure why. a lot of liberals like he is going to change his mind in the next four years. and i'm not certain of that. what you're seeing right now in colorado and washington tells you his mind is probably not changing on this issue. >> all right. brain trust, don't go anywhere. when we come back, apparently when he heard of jim demint's departure, your friend, joel sawyer, lindsey graham said he nearly fell off his couch. what the move means for the gop that is coming up a little
why do you think that we won't see the obama administration as being the first administration since the '80s to give up this pseudo war on drugs? >> you know, they have taken some stones war on drugs. the one thing obama did in 2010 is he lowered the disparity between crack cocaine and cocaine. his view is this is a prevention matter and they're working on that. for whatever reason, i'm not sure why. if you go on the white house website, they have a long page about how marijuana use is...
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Dec 3, 2012
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the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age, means testing, things like that. so then we have about $600 billion in essentially spending cuts, half from mandatory spending, half from discretionary spending. this is the other very interesting thing that's new. $200 billion from revising the consumer price index. that sounds very technical. but it has very real world consequences because it very much could affect the money, the checks that social security recipients in particular get every single month because it effectively changes inflation so it changes the formula from what they would get. >> significant differences between the white hous
the obama proposal is raise that rate to 39.6% where it was during the clinton administration. what else is in this new gop proposal? >> reporter: let's show you some of the savings when it comes to government spending. first of all, they put about $600 billion in what the republicans are calling health savings. we understand -- we don't have details. we understand much of that comes from medicare, things that we've heard from republicans over and over like raising the eligibility age,...
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Dec 7, 2012
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military officials and the obama administration want greater flexibility to launch operations against terror groups in africa. the operations would target al qaeda-related groups in countries like mali, nigeria, libya and others. >>> and "the oregonian," it was 71 years ago today that pearl harbor was bombed by the japanese in a surprise attack. 2,400 americans were killed. thousands will gather today to remember the raids with a moment of silence at 7:55 a.m., the exact time the bombings began in 1941. and when they began, my grandfather was on "the maryland." >> wow. >> my dad always took us out there. >>> let's go to "the seattle times." despite a federal ban, washington state's law allowing recreational marijuana described as one of the most liberal in the world went into effect midnight last night. the state will start licensing farms and retail stores to grow and sell marijuana next year. police across the state are said to be taking a laissez-faire approach. >> where's that willie geist? actually, that's heilmann. you know, i'm surprised connecticut has a pretty darn liberal la
military officials and the obama administration want greater flexibility to launch operations against terror groups in africa. the operations would target al qaeda-related groups in countries like mali, nigeria, libya and others. >>> and "the oregonian," it was 71 years ago today that pearl harbor was bombed by the japanese in a surprise attack. 2,400 americans were killed. thousands will gather today to remember the raids with a moment of silence at 7:55 a.m., the exact time...